Crusoe raises $3.9bn and starts trucking data centres to spare power
“Getting there means controlling the infrastructure from electrons to tokens,” said Chase Lochmiller, co-founder and chief executive of Crusoe. He was describing what he called an era of abundance brought by AI.
The Denver company announced the initial closing of a $3.9bn Series F on 17 September, in a statement. It puts the post-money valuation at $30.9bn. Atreides Management, Mubadala Capital and Valor Equity Partners co-led the round, which Crusoe called oversubscribed.
Founders Fund, GIC, Nvidia, the Qatar Investment Authority, Radical Ventures and TPG also took part. The list of further investors runs to 29 names. It includes ARK Invest, Baillie Gifford, Fidelity, Salesforce Ventures, Tiger Global and the research firm SemiAnalysis.
TNW reported in July that Crusoe was in talks to raise $3bn. The round closed higher.
Small boxes, not just big campuses
Crusoe built the Abilene data centre campus in Texas where OpenAI trained Astra,...
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